Plan Ledger DOL Form 5500 · updated monthly

Motor-Services Hugo Stamp, Inc.401(k)

MSHS GROUP 401(K) PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.22%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Motor-Services Hugo Stamp, Inc. reported $115,111 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,415 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.62% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 442nd-largest of 3,644 plans among Florida employers on file, and the 317th of 3,341 in other services. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has grown from 296 to 473 since 2022.

Plan summary
Net assets, end of year$66,591,987
Participants with balances617
Active participants473
Employer contributions$1,615,465
Employee contributions$3,592,675
Employer contribution per active participant$3,415
Average account balance$107,929
Benefits paid to participants$10,235,471
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.6M · 617 accts · $1.6M emplr
2023$36.5M · 414 accts · $973K emplr
2022$32.9M · 350 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,633
Investment management$73,319
Audit (IQPA)$21,159
Total administrative$115,111
The Motor-Services Hugo Stamp, Inc. 401(k) match · 2024
Employer contribution per active participant$3,415
Median for plans this size$3,635
2024$3,415 per active participant
2023$3,180 per active participant
2022$3,841 per active participant

Motor-Services Hugo Stamp, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PROVENANCE WEALTH ADVISORS LLC · Investment advisory (plan)$73,319
METZ & ASSOCIATES PLLC · Accounting / audit$11,000
MOSS ADAMS LLP · Accounting / audit$10,159

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$115,111 · 0.22%
2023$116,964 · 0.34%
2022$225,493 · 0.62%
Similar plansOther Services · Florida
Members Benefits Corp FL$132.3M · 0.46%
Florida Southern College FL$88.6M · 0.16%
Kelly Tractor Co. FL$69.3M · 0.23%
Tampa Armature Works, Inc. FL$45.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592347143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.